Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2017

Our total debt outstanding consisted of the amounts set forth on the following table:



(In millions)	June 30, 2017		December 31, 2016
Short-term borrowings⁽¹⁾	$	358.0	$	83.0
Current portion of long-term debt⁽²⁾	297.5		297.0
Total current debt	655.5		380.0
Term Loan A due July 2019⁽²⁾	807.5		818.3
6.50% Senior Notes due December 2020	423.3		423.1
4.875% Senior Notes due December 2022	420.0		419.6
5.25% Senior Notes due April 2023	420.0		419.7
4.50% Senior Notes due September 2023	453.9		416.7
5.125% Senior Notes due December 2024	420.5		420.2
5.50% Senior Notes due September 2025	396.5		396.4
6.875% Senior Notes due July 2033	445.3		445.3
Other	3.1		3.3
Total long-term debt, less current portion⁽⁴⁾	3,790.1		3,762.6
Total debt⁽³⁾⁽⁵⁾	$	4,445.6	$	4,142.6

⁽¹⁾

Short-term borrowings of $358.0 million at June 30, 2017 are comprised primarily of $113.1 million outstanding under our European accounts receivable securitization program, $95.0 million outstanding under our revolving credit facility, $82.0 million of short term borrowings outstanding under our U.S. accounts receivable securitization program and $67.9 million of short term borrowings from various lines of credit. Short-term borrowings at December 31, 2016 were comprised primarily of $83.0 million of short-term borrowings from various lines of credit.


⁽²⁾	Term Loan A facility due July 2019 has required prepayments which are due in the first quarter of 2018 and the outstanding balance of the Term Loan A facility due in July 2017 are included in the current portion of long-term debt.


⁽³⁾	As of June 30, 2017, our weighted average interest rate on our short-term borrowings outstanding was 2.7% and on our long-term debt outstanding was 4.7%. As of December 31, 2016, our weighted average interest rate on our short-term borrowings outstanding was 4.8% and on our long-term debt outstanding was 4.7%.


⁽⁴⁾	Amounts are net of unamortized discounts and issuance costs of $33.3 million as June 30, 2017 and $36.3 million as of December 31, 2016.


⁽⁵⁾	Long-term debt instruments are listed in order of priority.

Lines of Credit

The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the Revolving Credit Facility discussed above, and the amounts available under our accounts receivable securitization programs.



(In millions)	June 30, 2017		December 31, 2016
Used lines of credit ⁽¹⁾⁽²⁾	$	358.0	$	83.0
Unused lines of credit	798.7		1,074.4
Total available lines of credit⁽³⁾	$	1,156.7	$	1,157.4


⁽¹⁾	Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.


⁽²⁾	As of June 30, 2017 and December 31, 2016, there were $26.3 million and $25.4 million of cash held on deposit, respectively, as a compensating balance for certain short-term borrowings, which is recorded in other current assets on the Condensed Consolidated Balance Sheet.


⁽³⁾	Of the total available lines of credit, $896.3 million were committed as of June 30, 2017.